Raymond Limited — PPTs, 29-01-2025: Investor Presentation

**Financial Highlights:** Raymond Limited reported a robust performance in Q3 FY25 with revenues of ₹985 Cr., marking a 36% year-over-year increase. EBITDA surged 33% to ₹169 Cr., yielding a margin of 17.2%. Profit Before Tax (PBT) rose by 14% to ₹100 Cr. The company also emphasized its strong cash position with a surplus of ₹696 Cr.

**Strategic Initiatives and Growth Drivers:** The real estate segment saw continued momentum, achieving a booking value of ₹505 Cr. The shift towards a capital-light business model through Joint Development Agreements (JDA) is expected to drive future growth. The engineering segment also demonstrated significant growth, primarily supported by demand in the domestic market.

**Business Developments:** Raymond initiated the demerger of its real estate and engineering businesses, receiving approvals from shareholders and creditors. This restructuring aims to streamline operations and foster growth in each vertical.

**Market Position and Competitive Advantage:** With a diverse portfolio and ongoing projects, Raymond is well-positioned in both the real estate and engineering sectors, capitalizing on rising demand across various markets.

**Investor Implications:** Investors should note Raymond’s positive outlook driven by strong booking momentum in real estate and growth prospects in engineering, particularly in aerospace and EV components. Given the company's strategic realignment and solid financials, there are promising opportunities for growth and value creation.